The European Union has unveiled a banking crisis plan with a multibillion-euro fund to prevent future bank collapses. But Germany worries that a centralized authority in Brussels could cost it a lot of money.
Eurozone finance ministers in Brussels have backed Spain's candidate to become the next vice president of the European Central Bank. The decision was expected after Ireland withdrew its candidate for the post.
Following a meeting of central bank governors, ECB chief Mario Draghi has voiced concerns about the current strength of the euro area's single currency. The development makes it harder to exit crisis-era measures.
Venezuela's government and opposition have restarted talks to resolve the country's political crisis, but expectations are low. Economic ills have pushed the government back to the table, but concessions appear unlikely.
The German lender has beaten analysts' expectations for third-quarter profit and has settled another case of its financial crisis wrongdoings. But meagre revenues show the bank is far from being out of the woods.
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